Holman Insurance Brokers Ltd. is able to provide many types of bonds available for business based on your operations and industry regulations. Some of the most common ones we sell, are Construction Bonds, Surety Bonds, License & Permit Bonds, Customs & Excise Bonds, Estate Bonds and Lost Instrument Bonds. We also specialize non-standard, complex or cases and emerging industries.
What is a Bond?
Bonds are essentially a guarantee that your business will carry-out its performance and meet a regulatory or financial obligation to your client/fellow business.
Obtaining the proper Bond is simple as filling out a short quoting form, we will give you a quick call to ensure you are getting the right bond and answer any questions you may have. Bonds can be quite confusing, but our brokers are here to help simplify the process.
Bill 142 – Are you ready?
New mandatory surety bonding on Ontario public contracts
All contractors performing work under a “public contract” – i.e., a contract respecting an improvement with the Ontario Crown, a municipality or other broader public sector entity – will be required to provide a labour and material payment bond and a performance bond, each for at least 50% of the contract price. For our American readers, Ontario is essentially now adopting the Miller Act approach to Ontario public projects. However, note that the Act does not apply to federally governed projects located in Ontario.
SURETY BONDS
Surety Bonds also known as Surety Bonding is a type bond that is required by businesses such as construction companies, contractors, manufacturers, renewal energy companies, information technology and the logistic industry to name a few. We have Construction Bonding specialists that are experts in Bid, Performance , Labour & Material, Maintenance and Lien Bonds.
Our Construction clients who ask us to provide bonds include:
Architectural Metal & Cladding
Bridge Builders
Controls
Dewatering
Drywallers
Elevators
Engineering
Flooring
Forming
General Contractors
Glass & Glazing
Gravel Pit Operators
Landscaping & Snow Removal
Masonry and Brickwork
Mechanical & Electrical
Painters
Precast
Projects and Joint Ventures
Remediation & Abatement
Restoration
Road Builders
Roofing
Sewer & Watermain
Site Servicing
Subcontractors
Suppliers
Water Management & Recycling
We have access to most major surety company in Canada and being in business for over 35 years has allowed us to build relationships that not only gives us preferred rates, but also fast turn around times. We create custom tailored bonding packages for each client and strive to provide an easy and hassle free service.
LICENSE & PERMIT
Employment Agency / Foreign Worker Recruitment
Auctioneer License Bond
Automobile/Motor Dealers Bond
Bailiff Bond
Cemetery & Funeral Act
Collection Agent Bond
Consumer Protection Act
Contractor’s License Bond, Quebec
Direct Sellers Bond
Driver Training School Bond
Electrical Contractors License Bond
Electrical Safety Act Bond
Gas Safety Act Bond
Gas Contractor’s Bond
Insurance Adjusters Bond
License Plate License Bond
Security Agreement With Respect to a Publicity Contest
Mechanical Permit Bond
New Residential Home Warranty-ACQ
New Residential Home Warranty-APCHQ
Prepaid Contractor’s License Bond
Private Approach (Road Cut Permit Bond)
Private Investigators & Security Guard Act Bond
Quarry Permit Bond
Real Estate Agents Bond
Road Cut Permit Bond, Ottawa (GENERAL)
Road Cut Permit Bond, Ottawa 1-10 Permits
Roofer’s License Bond (RCABC)
Sewer Tappers Performance Bond
Police Services Bond
CUSTOMS & EXCISE BONDS
Customs Brokers License Bond
Release of Goods Customs Bond, Customs Broker only